Gold Fields Limited (NYSE:GFI) Shares Sold by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co cut its position in Gold Fields Limited (NYSE:GFI - Free Report) by 18.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,996 shares of the company's stock after selling 75,000 shares during the period. Gold Fields accounts for 0.8% of PKO Investment Management Joint Stock Co's holdings, making the stock its 27th largest position. PKO Investment Management Joint Stock Co's holdings in Gold Fields were worth $7,290,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in GFI. QRG Capital Management Inc. raised its holdings in Gold Fields by 52.3% in the 1st quarter. QRG Capital Management Inc. now owns 15,377 shares of the company's stock valued at $340,000 after acquiring an additional 5,279 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Gold Fields in the first quarter valued at approximately $203,000. Assenagon Asset Management S.A. acquired a new stake in shares of Gold Fields in the first quarter valued at approximately $2,914,000. SG Americas Securities LLC lifted its position in Gold Fields by 105.7% during the first quarter. SG Americas Securities LLC now owns 180,956 shares of the company's stock worth $3,997,000 after buying an additional 92,966 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in Gold Fields by 21.0% during the first quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after buying an additional 649 shares in the last quarter. 24.81% of the stock is currently owned by hedge funds and other institutional investors.

Gold Fields Trading Up 0.1%

Shares of NYSE GFI traded up $0.02 during mid-day trading on Friday, reaching $24.34. 5,242,918 shares of the company's stock were exchanged, compared to its average volume of 3,596,296. The company's 50-day moving average is $23.11 and its 200-day moving average is $19.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.73 and a current ratio of 1.14. The firm has a market capitalization of $21.78 billion, a price-to-earnings ratio of 10.36, a PEG ratio of 0.28 and a beta of 0.55. Gold Fields Limited has a 52-week low of $12.98 and a 52-week high of $26.36.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Hsbc Global Res raised Gold Fields to a "hold" rating in a research note on Thursday, April 17th. Scotiabank upped their price objective on shares of Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. Wall Street Zen downgraded shares of Gold Fields from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Finally, HSBC reiterated a "hold" rating and issued a $21.00 target price on shares of Gold Fields in a report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.56.

Gold Fields Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.